US Airways — IPO Roadshow (April 2013)
25 slides from US Airways's IPO roadshow presentation, Apr 10, 2013
Slide 1: US Airways 2013-1 EETC Investor Presentation
Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-181718 April 10, 2013 US Airways April Airways, 10, 2013 2013-1 Inc. EETC Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Certain “project,” costs, include, These and downturns supply interest comply liquidity; service Company’s agents; company’s anticipated International impact certain with SEC. results or statements. December changes financial the There revenue forward-looking statements to of other a
Slide 3: Offering and prospectus information notice
This We statement www.sec.gov. at free 1-866-471-2526, have atinvestor 1-866-245-0346 filed andpresentation Alternatively, other a registration Citigroup documents (Institutional highlights statement USatwe Airways, 1-212-723-6171, have basic Investors). (including filed any information with underwr
Slide 4: Offering Summary
US be: •– The US Proceeds Funds Natixis Bookrunners Class Class 414 Co-managers Airways new new Airways Certificates C A: B: will A330-200 S.A., A321-200 Certificates $620,095,000 $199,518,000 will be 2013-1 isare acting be held are offering will used Goldman aircraft, Barclays, aircraft, EETC inthr
Slide 5: Certificate Summary
Summary Class Principal Expected Initial Interest Regular Final Section Liquidity Depositary * Initial Expected Legal AWeighted / Max Rate 1110 Class Distribution Amount Ratings Facility of LTV Proceeds Distribution the LTV* Convention Protection BDistribution and Average Offering M 3$620,095,000 54
Slide 6: Structural Strengths
Structural par – •related Waterfall: Classes Buy-out Cross-Default Collateral: Parent After Class Consistent Noplus buyout indentures aAGuarantee: accrued Certificate Offered: and Rights: Strengths Standard New with right Class and interest delivery recent Standard during after Two US B Cross-Collat
Slide 7: Collateral Aircraft Pool
Collateral Aircraft 1Registration Pool Airbus Manufacturer’s A321-200 N568UWEngine5751 MTOW V2533-A5 Month of205,027 Appraised September Number2013 Aircraft $ 52,960,000 Type Number Serial Number Type Delivery Value1 2 Airbus A321-200 N569UW 5763 V2533-A5 205,027 September 2013 52,960,000 3 Airbus A
Slide 8: Aircraft Appraisals
1 Aircraft •– 2 Appraisals The US Aircraft BK Morten As appraised Airways Associates, aggregate ofAppraisals InitialBeyer November Information for indicate are by has new aircraft available &three Inc. obtained collateralAgnew aircraft an 15, (“BK”) Services, independent appraised initial 2014, in(“
Slide 9: Collateral Pool Strengths
•Collateral All Diversified A330 Widebodies New 1 All The Both New-Delivery of Delivery A320 34% aircraft the Percentages Pool Strengths aircraft Body Pool and100% types A330 by Type1 Collateral are Year calculated are families new core of deliveries Delivery1 toare based theamong USonAirways apprai
Slide 10: Overview of the A321
Overview The A321 Maximum: Typical: Seats •Highlights Source: PartA321 Passenger Best Lowest of Key seat-mile Airbus 185 the fuel of is Statistics 220 capabilities successful the (2-class the burn, Website (high-density costs A320 A321 emissions configuration) of family’s A320 comparable any single-
Slide 11: A321-200 Key Appraiser Views
•Key Source: Airways Strong Consistently Used Strengths toMBA Significance backlog replace • Diverse Appraisal low of of the older, percentage 551 operator A321-200 • Offers less aircraft—currently Letter; fuel base compelling reported US efficient by Airways, number as aircraft parked operating atA
Slide 12: Overview of the A330-200
Overview The efficiency Typical: Seats •Highlights Source: One Excellent Offers A330 ofAirbus the 253 the of combines Maximum: short most most (3-class theWebsite A330-200 field spacious widely-used low configuration) 380 performance A330-200 (high-density cabin widebody of any and Key Range widebod
Slide 13: A330-200 Key Appraiser Views
Key Appraiser •Views Significance to Source: Very Versatile One Geographically Used USStrengths Airways of low •toMBA Continued the replace the uses percentage most • fleet Appraisal Unique ofincluding diversified the older, widely fleet A330-200 combination ofless growth Letter; existing used both
Slide 14: Company Information
Company Washington, •and (www.sec.gov) As More Central of December information Information and DC. including South US 31, about Airways 2012, America. but USUSnot Airways, offers Airways limited scheduled including had to itshubs annual passenger its inmost Charlotte, report recent service on Form P
Slide 15: Creating a Premier Global Carrier
Creating a Premier Global Carrier
Slide 16: Important Additional Information
Important Additional This Corporation Commission proxy AIRWAYS THEIR security filed charge Legal Corporation, US stockholders meeting SEC with description in 2connection Airways, communication the with on Affairs. statement on ENTIRETY April holders of SEC the US Information Information stockholders
Slide 17: Forward-Looking Statements
Forward-Looking This “may,” words. actual results challenges affecting Discussion 8-K statements. factors and document results and These affecting “will,” other the and financial and Neither businesses and forward-looking SEC “expect,” costs includes Analysis these financial Statements filings, AMR
Slide 18: Introducing the New American Airlines
3 •Introducing A Additional American Together, Enhances Offers Improved Highly Expects Significant New Merger Creates more precedent consumers competitive robust provides atoAmerican substantial greater premier value unions loyalty the maintain investments benefits New global career for for areprese
Slide 19: Merger Ownership and Corporate Structure
4 Merger Ownership •Corporate All-stock Tom Combined Ownership: 72% 28% Headquartered Maintain AMR Horton: LCC Creates 4 Presence atransaction Corporate US shareholders 2012 significant stakeholders Chairman Airways Significant inrevenue Dallas-Fort Management Structure • corporate Airline represent
Slide 20: Global Carrier Combination
5 Combination Global 2012 Source: Southwest 6 Consolidated Network Fulland Year will others Carrier 2012 create Available also Consolidated three provide Seat similarly Miles competition ASMs, sized,ascompetitive in reported the marketplace global network carriers
Slide 21: World-Class Global Network
World-Class n?9 Canada Europe n?5 Asia/Pacific n?20 Mexico Central n?10 n?32 Caribbean South n?21Destinationsn?30 Destinationsn?8 Destinationsn?52 Destinationsn?42 Destinationsn?22 Destinationsn?93 Destinationsn?34 America /America Middle Global EastNetwork Routes Routes Routes
Slide 22: Complementary Domestic Network
Complementary Domestic Diio 2013 published Network schedules as of January 25, 2013 Domestic Network 218 Destinations 682 Routes
Slide 23: Cities served by American and US Airways
American Beijing, Asia/Pacific North Abilene, MO CT ME Vail/Eagle, MD Wichita Evansville, Flint, Fort Monterrey, Quebec, WY Europe Amsterdam, Central Guatemala South Asuncion, Guayaquil, Curacao, Caribbean Santiago, 130 62 Diio Cities Bloomington, Newport Cities Allentown, Columbus, San Wayne, 2013
Slide 24: Key Approvals and Target Closing
Roadmap •Key Target Approval Stakeholder Regulatory Filed No conditions financing closing HSRtobyCompletion approvals Approval US and condition Airways emergence and oforPlan shareholders customary consents inofthe Reorganization third orclosing approvals quarter conditions 2013 required and Courtfr
Slide 25: Benefits for All Stakeholders
New Shareholders Employees Customers •Communities American Substantial New Provides Creates More Unparalleled Improved Results Leading American precedent choices, in greater alternative employees unions opportunities no synergies and benefits hub Airlines increased career for Stakeholders representi